The U.S. International Trade Commission (ITC) today released its report assessing the bilateral
free trade agreement (FTA) that the President has entered into with Peru.

The ITC's report provides an assessment of the likely impact of the FTA on the U.S. economy
and on specific industry sectors and consumers. The publication, U.S.-Peru Trade Promotion
Agreement: Potential Economywide and Selected Sectoral Effects, offers a comprehensive
summary of all of the specific provisions in the agreement, as well as the changes to U.S. and
Peruvian tariffs provided for in the new agreement.

The Trade Act of 2002 requires the ITC to prepare a report that assesses the likely impact of
proposed FTAs on the U.S. economy as a whole and on specific industry sectors and the interests
of U.S. consumers. In preparing its assessment, the ITC also is required to review available
economic assessments regarding the agreement in question, including literature regarding any
substantially equivalent proposed agreement.

U.S.-Peru Trade Promotion Agreement: Potential Economywide and Selected Sectoral Effects
(Investigation No. TA-2104-20, USITC publication 3855, June 2006) will be posted in the
Publications section of the ITC Internet site at www.usitc.gov. CD-ROM and printed copies may
be requested by calling 202-205-2000 or by writing the Office of the Secretary, U.S. International
Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be made by
fax to 202-205-2104.